Tuesday, December 8, 2009

TA Post 11/30 "TA starting with the oldest Breakout, first"





LETS LOOK BACK TO NOV 30, WHAT, BASICALLY A WEEK AGO, AND SEE WHAT THE PROJECTIONS BACK THEN

RATHER THAN BELABORING THE POINT, IT IS ENOUGH TO POINT OUT THAT THE STOCK PRICE IS MOVING TOWARDS THE PROJECTIONS, REGARDLESS OF WHAT ANY PARTIES ARE SAYING.

My question is how you will listen to, The TALKING HEADS, or Mr.Market?

"Lets look. On the top chart, WEEKLY, it Broke out on 10/5. It has now targeted a projected $1.89 [ Canadian ]. WEEKLY charts require longer to work out than Daily.

Next chart down. DAILY it Broke out 11/23 and now targets a projected $1.48 CDN.
DAILY charts take less time to work out than WEEKLY but more
more than HOURLY.

Now, the HOURLY. It has broken out today 11/30 and targets a projected $ 1.18.

Basically no more comment is required here as the pattern is clear. The closer targets are lower than the longer targets but the stock is "stair-stepping" its way toward each objective. Despite all screams and hollers and moaning and groaning to the contrary the stock has kept moving.

SHORT ANSWER / CONCLUSION ? IMO, the stock keeps moving. Technically, the volume keeps confirming what, IMO, I am seeing in price. Its your money, you decide "